Rathbones Group (LON:RAT) Hits New 1-Year Low – Here’s Why

Rathbones Group Plc (LON:RAT) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,580 and last traded at GBX 1,584, with a volume of 5702 shares traded. The stock had previously closed at GBX 1,614.

Analysts Set New Price Targets

A number of analysts recently weighed in on RAT shares. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,360 price target on shares of Rathbones Group in a research report on Thursday, July 30th. Royal Bank Of Canada reduced their price target on shares of Rathbones Group from GBX 2,400 to GBX 1,950 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 1,836.67.

Rathbones Group Price Performance

The company’s fifty day moving average price is GBX 1,677.34 and its two-hundred day moving average price is GBX 1,857.93. The company has a quick ratio of 0.14, a current ratio of 111.06 and a debt-to-equity ratio of 10.07. The company has a market cap of £1.61 billion, a price-to-earnings ratio of 14.11, a PEG ratio of -26.52 and a beta of 0.72.

Rathbones Group (LON:RAT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 88.50 EPS for the quarter. Rathbones Group had a net margin of 11.20% and a return on equity of 8.95%. On average, equities research analysts forecast that Rathbones Group Plc will post 174.9287749 EPS for the current fiscal year.

Rathbones Group announced that its board has initiated a stock buyback plan on Wednesday, June 17th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Rathbones Group

In other news, insider Iain Cummings acquired 800 shares of Rathbones Group stock in a transaction dated Friday, June 19th. The stock was bought at an average cost of GBX 1,622 per share, with a total value of £12,976. Also, insider Terri Duhon acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average price of GBX 1,614 per share, with a total value of £8,070. Over the last 90 days, insiders bought 2,618 shares of company stock worth $4,242,590. Corporate insiders own 1.66% of the company’s stock.

About Rathbones Group

With roots dating back to 1742, Rathbones is one of the UK’s leading providers of investment and wealth management services for private clients (individuals and families), charities, trustees and professional partners. Rathbones’ purpose is to help more people invest their money well, so they can live well.

Rathbones has been trusted for generations to manage, preserve and grow clients’ wealth and services include discretionary investment management, fund management, tax planning, trust and company management, financial advice and banking services.